Talos Energy Announces Stockholder Approval For Acquisition Of Enven Energy Corporation
Feb 08, 2023•almost 3 years ago
Acquiring Company
Talos Energy
Acquired Company
Talos Energy
Description
Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) announced today that all of the proposals related to its previously announced acquisition of EnVen Energy Corporation ("EnVen") were approved by the requisite holders of Talos common stock at the Company's special meeting of stockholders held on February 8, 2023 (the "Special Meeting"). The final voting results from the Special Meeting will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission after certification by the Company's inspector of elections.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed